secwatch.observer — SEC 8-K summary
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Issuer:     Hudson Pacific Properties, Inc. (HPP)
CIK:        0001482512
Form:       8-K
Filed at:   2022-09-08T23:59:59+00:00
Accession:  0001193125-22-240650
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Hudson Pacific draws $605M on revolver, sells Northview Center for $46M in Aug 2022
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- Revolver borrowings at $605M as of Sept 7, 2022, including ~$200M for Quixote acquisition.
- Completed sale of Northview Center in Lynnwood, WA for $46M before closing costs on Aug 31, 2022.
- Portfolio as of June 30: 15.8M sq ft office, 1.5M sq ft studio; top tenant Google 12.7% of annualized base rent.
- Company's Share of debt, net at $3.26B as of June 30; Company's Share of market cap $6.08B.
- Office portfolio 89.8% leased in Silicon Valley, 94.2% in SF, 99% in Los Angeles as of June 30.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482512/000119312522240650/0001193125-22-240650-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482512/000119312522240650/d391071d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-240650

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